If you were born and raised in New Jersey like me, you’ve heard your share of New Jersey jokes from interlopers who think the entire state looks like the Turnpike near Newark Airport. (“What exit?” How wonderfully clever.) My response to these jokes is two-fold. First, trust me on this, we don’t like you, either.
directors & officers
The Shortcomings of D&O Insurance
By Gene Killian on
Here’s how a major insurance company (Travelers) describes D&O insurance: “Directors & Officers (D&O) Liability insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization’s board of directors and/or officers. These types of claims have become increasingly common and directors and officers…
Directors & Officers Insurance, the FDIC, and the “Insured v. Insured” exclusion
By Gene Killian on
Posted in Uncategorized
I heard free-market economist Lawrence Reed speak today at a Foundation for Free Enterprise luncheon. Mr. Reed made the point that for free markets to function properly, citizens must assign top priority to raising the caliber of their character, and learning from those who display the highest ethics. His point was that society descends into…
Insurance coverage for SEC investigations
By Gene Killian on
The SEC has been getting more and more aggressive with investigations into alleged securities fraud, as well as with filing civil securities fraud actions. In fact, we just got an SEC securities fraud action dismissed against one of our clients a couple of weeks ago…but it was an expensive fight. Over at Property Casualty 360…